The dollar was on track to notch up its third week of sharp gains as weak Chinese economic data compounded fears about a global recession.
The dollar index, which measures the currency against six others, added 0.1 per cent on Friday to remain around a 20-year high — taking it up 1.5 per cent for the week.
Boosted by haven buying as well as expectations of the US Federal Reserve raising interest rates again this month, the index has climbed 4 per cent in the past three weeks — its biggest ascent over that timeframe since 2020.
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